Progyny Inc (PGNY)
Gross profit margin
Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gross profit (ttm) | US$ in thousands | 238,799 | 226,399 | 209,770 | 193,016 | 167,325 | 147,946 | 130,443 | 116,177 | 112,135 | 107,686 | 100,030 | 82,364 | 70,059 | 61,162 | 52,646 |
Revenue (ttm) | US$ in thousands | 1,091,902 | 1,036,101 | 959,749 | 874,714 | 787,727 | 700,482 | 617,337 | 551,196 | 501,082 | 473,730 | 450,213 | 385,920 | 344,979 | 309,953 | 272,210 |
Gross profit margin | 21.87% | 21.85% | 21.86% | 22.07% | 21.24% | 21.12% | 21.13% | 21.08% | 22.38% | 22.73% | 22.22% | 21.34% | 20.31% | 19.73% | 19.34% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $238,799K ÷ $1,091,902K
= 21.87%
Progyny Inc's gross profit margin has been relatively stable over the past eight quarters, ranging from 21.10% to 22.11%. Despite slight fluctuations, the company has maintained an average gross profit margin of around 21.5% during this period. This indicates that Progyny Inc has been able to effectively manage its production costs and pricing strategies to generate profit from its core operations. However, it is essential for the company to continuously monitor and improve its cost efficiency to sustain and potentially increase its gross profit margin in the future.
Peer comparison
Dec 31, 2023
Company name
Symbol
Gross profit margin
Progyny Inc
PGNY
21.87%
DaVita HealthCare Partners Inc
DVA
81.50%
Sotera Health Co
SHC
55.00%